BBMG (HK:2009) has released an update.
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BBMG Corporation has announced the acquisition of an 11.816% equity stake in a target company, valued at approximately RMB979.94 million, determined through a public tender. The company utilized an asset-based approach for valuation due to the target’s investment management and real estate holdings, which provided a strong objective basis. This acquisition is part of BBMG’s strategic investment moves in the market.
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